Barclays PLC Buys 65,725 Shares of Custom Truck One Source, Inc. (NYSE:CTOS)

Barclays PLC raised its stake in shares of Custom Truck One Source, Inc. (NYSE:CTOS) by 349.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 84,526 shares of the company’s stock after purchasing an additional 65,725 shares during the quarter. Barclays PLC’s holdings in Custom Truck One Source were worth $291,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. acquired a new position in shares of Custom Truck One Source in the second quarter valued at $47,000. Intech Investment Management LLC acquired a new stake in Custom Truck One Source during the third quarter worth $56,000. SG Americas Securities LLC bought a new stake in Custom Truck One Source in the 3rd quarter valued at $64,000. FMR LLC raised its stake in shares of Custom Truck One Source by 1,234.8% in the 3rd quarter. FMR LLC now owns 28,846 shares of the company’s stock valued at $100,000 after buying an additional 26,685 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its holdings in shares of Custom Truck One Source by 20.5% during the 3rd quarter. D.A. Davidson & CO. now owns 29,240 shares of the company’s stock worth $101,000 after acquiring an additional 4,975 shares during the period. Institutional investors own 90.07% of the company’s stock.

Custom Truck One Source Stock Performance

Custom Truck One Source stock opened at $4.76 on Tuesday. The firm has a market capitalization of $1.11 billion, a P/E ratio of -29.72 and a beta of 0.79. The stock has a fifty day moving average price of $5.10 and a two-hundred day moving average price of $4.41. Custom Truck One Source, Inc. has a 52-week low of $3.03 and a 52-week high of $7.00. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.28 and a quick ratio of 0.19.

Custom Truck One Source (NYSE:CTOS) last announced its earnings results on Wednesday, October 30th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). The firm had revenue of $447.22 million for the quarter, compared to analyst estimates of $448.46 million. Custom Truck One Source had a negative return on equity of 4.57% and a negative net margin of 2.22%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.04 EPS. As a group, analysts anticipate that Custom Truck One Source, Inc. will post -0.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer dropped their price target on shares of Custom Truck One Source from $6.00 to $5.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th.

About Custom Truck One Source

Custom Truck One Source, Inc provides specialty equipment rental and sale services to the electric utility transmission and distribution, telecommunications, rail, forestry, waste management, and other infrastructure-related industries in the United States and Canada. The company operates through three segments: Equipment Rental Solutions (ERS), Truck and Equipment Sales (TES), and Aftermarket Parts and Services (APS).